Withdrawal from or Downsizing of Unprofitable Businesses
First written in FY2016. 2 of 6 entries say "Cited as achieved", first in FY2017-Q1. Latest entry: FY2023-Q2.
13 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「Meanwhile, the business supporting organizations that accept foreign technical intern trainees was affected by measures including entry restrictions related to the COVID-19 pandemic, and the Company completed its withdrawal from the business.」
The Company reports that it completed the withdrawal from the business supporting organizations that accept foreign technical intern trainees, following the withdrawal policy announced in the previous quarter. - FY2023-Q1AdvancedAnnual report
「Meanwhile, the business supporting organizations that accept foreign technical intern trainees was significantly affected by measures including entry restrictions related to the COVID-19 pandemic. The Company began withdrawing from the business, which continues to affect part of its profit and loss. It plans to complete the withdrawal by April 2023.」
As part of the reorganization of businesses affected by deteriorating profitability and operating conditions, the Company began withdrawing from the business supporting organizations that accept foreign technical intern trainees and announced a policy of completing the withdrawal by April 2023. - FY2020AdvancedAnnual report
「The business support business for organizations that accept technical intern trainees from overseas had been performing well, but the suspension of international travel due to the COVID-19 pandemic postponed revenue recognition, while the Company withdrew from the personnel placement business because of poor performance.」
In addition to reorganizing its previously unprofitable businesses, the Company withdrew from the personnel placement business. - FY2017-Q2Cited as achievedAnnual report
「Although the withdrawal from the staffing business for manufacturers, followed by contracted services for local governments and other operations, reduced the scale of revenue, accounting services such as bookkeeping outsourcing for small and medium-sized businesses, mainly in the northern Kanto region, remained stable, with operations focused on existing customers.」
The Company again cites its withdrawal from staffing services for manufacturers and contracted services for local governments as factors behind the reduction in business scale. - FY2017-Q1Cited as achievedAnnual report
「The business services segment for small and medium-sized businesses recorded a loss in the six months ended the first quarter of the current consolidated fiscal year, due to restructuring costs associated with the withdrawal from loss-making businesses between the fiscal year ended October 2015 and the fiscal year ended October 2016, including the staffing business for manufacturers and contracted services for local governments.」
The Company specifically cites its withdrawal from the staffing business for manufacturers and contracted services for local governments as measures implemented in the past. - FY2016First statedAnnual report
「Contracted services such as employment support from local governments were discontinued during the current consolidated fiscal year because profitability had deteriorated. The staffing business has also been reduced in scale.」
Contracted services such as employment support for local governments were discontinued during the current consolidated fiscal year because of deteriorating profitability, and the staffing business has also been scaled back.